Arab Donors Respond Favorably to the Global Financial Crisis

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Abstract

The World Bank's 2010 study, Arab
Development Assistance: four decades of cooperation, showed
that Arab countries have been generous donors over the
years, particularly the three Gulf countries - Kuwait, Saudi
Arabia, and the United Arab Emirates (UAE) which represent
over 90 percent of total Arab aid provided by those
countries on which information is available. This paper
confirms that the generosity extends to the period of the
global financial and economic crisis. Arab Gulf countries
and regional financial institutions were responsive to this
new reality and collectively scaled up financial assistance
to address critical development and humanitarian needs in
developing countries.